An unheralded metal could become a crucial part of the renewables revolution. Vanadium is used in new batteries which can store large amounts of energy almost indefinitely, perfect for remote wind or solar farms. And what’s more there is loads of the stuff simply lying around in industrial dumps.
Don’t let the dumpster diving put you off – never mind gold or silver, vanadium may just be the most beautiful metal of all. It’s the 22nd most abundant element in the Earth’s crust, though it’s rarely found naturally in its metallic form. Instead, vanadium can be found in more than 100 different minerals.
Ferro-Alloy Resources Limited (LON:FAR) is developing the giant Balasausqandiq vanadium deposit in Kyzylordinskaya oblast of southern Kazakhstan. The ore at this deposit is unlike that of nearly all other primary vanadium deposits and is capable of being treated by a much lower cost process.